🌡️ Bitcoin Thermocap is the indicator of intrinsic value that all Smart Money uses, not for daily trading, but for the macro cycle vision.

🟢The green line of the Thermocap represents the total sum of the miners' revenues, being the best proxy of the aggregate cost in the security of the Bitcoin network since its creation. 🟡The yellow line is the price of $BTC .

❌The crossing or touching between both lines, which can be seen in deep corrections, shouts one thing: the price is operating close to or below the production and security cost of Bitcoin!.

This point is a historical macro support that defines a moment of maximum pain for the market and a structural oversold. Traders take advantage of it as a zone of deep value accumulation for the cycle, knowing that the asset is trading at a massive discount compared to the investment needed to keep the network secure. It is the clearest signal that $BTC is at the floor of value and ready for a cycle trend reversal, reinforcing the thesis that now is the time to load positions.